Business

Big Boy Sy unloads P418M in SM Investments shares

Bilyonaryo Henry “Big Boy” Sy Jr. has sold nearly half a billion pesos worth of shares in SM Investments Corp.

Sy reported selling 450,000 SM Investments shares for P929.50 for a total value of P418.275 million.

RELATED STORY: Estate planning? Big Boy ‘slims’ down holdings in SM Investments

The disposition reduced Sy’s stake in the country’s most valuable holding firm to 7.13 percent from 7.21 percent as of June 30.

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